Norwest Bank Minnesota Central, National Association in St. Cloud, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 1994

  • Norwest Bank Minnesota Central, National Association in St. Cloud, Minnesota (MN)
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Norwest Bank Minnesota Central, National Association - Overview

  • General
  • FDIC Certificate #: 8862
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norwest Bank Minnesota Central, National Association (#9755)
    Federal Reserve ID: 744751
    Date Established: January 01, 1927
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 5656
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 04, 1994
    Last Structure Change Process Date: March 14, 1994
    Last Data Update: March 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 First Street South, St. Cloud, MN 56301
    County: Stearns
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • Financial Summary
  • Total assets: $333.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $89Total assets
  • $333,358Cash and due from depository institutions
  • $14,565Interest-bearing balances
  • $173Securities
  • $103,310Federal funds sold & reverse repurchase agreements
  • $12,947Net loans & leases
  • $195,542Loan loss allowance
  • $2,899Trading account assets
  • $0Bank premises and fixed assets
  • $2,889Other real estate owned
  • $0Goodwill and other intangibles
  • $2,767Life insurance assets
  • $1,338All other assets
  • $0Total liabilities and capital
  • $333,358Total liabilities
  • $312,678Total deposits
  • $273,743Interest-bearing deposits
  • $241,127Deposits held in domestic offices
  • 273743.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $31,557Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,550All other liabilities
  • $4,828Total equity capital
  • $4,828Total bank equity capital
  • $20,680Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $13,751Undivided profits
  • Memoranda
  • $3,929Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $642Income earned, not collected on loans
  • $1,042Earning assets
  • $311,972Long-term assets (5+ years)
  • $79,244Average Assets, year-to-date
  • $308,310Average Assets, quarterly
  • $318,055Volatile liabilities
  • $44,323Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $17,302Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,830Total risk weighted assets
  • $223,108Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,697Total interest expense
  • $9,761Net interest income
  • $10,936Provision for loan and lease losses
  • -$331Total noninterest income
  • $2,957Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,338Trading account gains & fees
  • -$3Additional noninterest income
  • $1,622Total noninterest expense
  • $9,853Salaries and employee benefits
  • $3,086Premises and equipment expense
  • $1,281Additional noninterest expense
  • $5,486Pre-tax net operating income
  • $4,371Securities gains (losses)
  • $733Applicable income taxes
  • $2,046Income before extraordinary items
  • $3,058Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,058Net charge-offs
  • $131Cash dividends
  • $3,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.17%Cost of funding earning assets
  • 3.38%Net interest margin
  • 3.79%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 3.41%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 1.66%Return on equity (ROE)
  • 15.51%Retained earnings to average equity (YTD only)
  • -0.72%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • -252.67%Efficiency ratio
  • 67,667Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 104.64%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 451.56%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 71.43%Net loans and leases to core deposits
  • 74.93%Equity capital to assets
  • 6.20%Core capital (leverage) ratio
  • 5.55%Tier 1 risk-based capital ratio
  • 7.99%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $308,310Average earning assets
  • $19,718Average equity
  • $288,719Average loans

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